New VAT Penalties and Interest Charges from 1 January 2023

New VAT Penalties & Interest Charges from 1 January 2023

Published on 29/10/2022

For VAT periods starting on or after 1 Jan 2023, the default surcharge will be replaced by new penalties if you submit VAT returns late or pay VAT late.

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New VAT Error Correction Notice

New VAT Error Correction Notice Online Form (VAT652)

Published on 22/10/2022

HMRC launched a new VAT Error Correction Notice online form on 8 August 2022. Find out how to use the form to tell HMRC of any errors in your VAT return.

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Option to Tax Land and Buildings - How Can I Recover VAT on Purchase of Commercial Property?

Option to Tax Land and Buildings – How Can I Recover VAT on Purchase of Commercial Property?

Published on 15/10/2022

Option to tax land and buildings is a mandatory prerequisite if you would like to recover the VAT charged by the seller on the purchase of a commercial property. Click through to learn more.

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VAT Cash Accounting Scheme

How Does VAT Cash Accounting Scheme Work?

Published on 08/10/2022

VAT Cash Accounting Scheme is very popular with small businesses due to the cashflow benefits it offers. Click through to learn how it works!

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Mini Budget - Which taxes have been cut

Mini Budget September 2022 – Which Taxes Have Been Cut?

Published on 24/09/2022

Chancellor Kwasi Kwarteng has announced the biggest tax cuts for individuals and businesses in 50 years, including a permanent stamp duty cut!

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Leasing an Electric Car Through a Limited Company

Leasing an Electric Car Through a Limited Company

Published on 17/09/2022

Leasing an electric car through a Limited Company has become very popular due to the generous tax cut in the form of a 2% Benefit in Kind (BIK) rate on fully electric vehicles.

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Let Property Campaign - HMRC Letter Targets Landlords with Undeclared Rental Income

Let Property Campaign – HMRC Letter Targets Landlords with Undeclared Rental Income

Published on 10/09/2022

Let Property Campaign is a long-running disclosure opportunity aimed at residential property landlords who need to bring their tax affairs up to date.

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New reporting requirements for Landlords effective from April 2024

How to Meet the MTD ITSA Requirements – Making Tax Digital for Income Tax Self Assessment

Published on 03/09/2022

With the Making Tax Digital for Income Tax sign-up deadline fast approaching, we often get asked by clients how to meet the MTD ITSA requirements.

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Accountants for a Buy to Let Limited Company

Accountants for a Buy to Let Limited Company

Published on 27/08/2022

Are you looking for Accountants for a Buy to Let Limited Company to help you maximise profitability from your rental property portfolio?

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Furnished Holiday Lettings - How Can My Property Qualify?

Furnished Holiday Lettings – How Can My Property Qualify?

Published on 20/08/2022

Profit from properties that meet the qualifying tests for furnished holiday lettings are taxed following the rental business calculation rules. Click through to learn more!

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